In the meantime, Bloomberg also reports that PointState Capital, the hedge-fund firm that made $1bn last year betting oil prices would fall, has hired credit trader Scott Balkan from Silver Point Capital, according to a person with knowledge of the move.
Balkan, who previously ran distressed debt at Citigroup, departed Silver Point this week, said the person, who asked not to be identified because the move hasn’t been publicly announced.
Finally, Bloomberg reports that automated trader IMC Financial Markets is losing an outspoken executive.
Remco Lenterman, a managing director, said he’s leaving the Amsterdam-based company and moving to London. He didn’t mention what his future job plans are beyond saying he anticipates staying in the industry. Lenterman spent five years at IMC.